New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 8, 2014
09:55 EDTGISPowell says General Mills expects to accelerate growth in developed markets
General Mills CEO Ken Powell says the company sees an opportunity to accelerate growth, particularly in the U.S. as America and Western Europe slowly recover. Powell added that General Mills is reviewing the supply chain structure in North America as it considers adding capacity in parts of the businesses. Powell says the company is seeing new trends in cereal, as people are more interested in gluten-free and fiber-rich products. Ken Powell is speaking on CNBC.
News For GIS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 3, 2015
16:27 EDTGISOn The Fly: Top stock stories for Thursday
Stocks on Wall Street began the session in positive territory thanks in part to dovish comments from the ECB. The averages were helped as well by the fact that the Chinese stock market, the source of so much volatility recently, was closed. The lack of distraction allowed buyers to be empowered and to extend the market's gains from yesterday. By noon, the averages had pared their gains, with the Nasdaq eventually crossing into negative territory. The average drifted near the flatline from there, as investors positioned ahead of tomorrow's jobs report. ECONOMIC EVENTS: In the U.S., initial jobless claims rose to 282,000 in the week ended August 29, versus expectations for 275,000 first-time claims. The trade balance report showed a deficit of $41.86B for July, versus expectations for a deficit of $42.2B. Markit's services PMI rose to 56.1 for the final August print, versus July's 55.7 and the 55.2 preliminary August reading. ISM's non-manufacturing index dipped to 59.0 in August, but that topped expectations for a reading of 58.2. In Europe, the European Central Bank left its benchmark interest rate unchanged, as expected, and economists at the bank trimmed their eurozone growth projections for this year and through 2017. ECB president Mario Draghi said the bank needs to determine if the recent global volatility is transitory before it decides "whether to do more or not," but also emphasized the bank's "willingness to act, its readiness to act and its ability to act." In Asia, Chinese markets were closed today and will be closed tomorrow for a holiday. COMPANY NEWS: Shares of Joy Global (JOY) plummeted $3.24, or 14.64%, to $18.89 following the company's report of lower than expected quarterly earnings and revenue. Joy's warnings about "one of the most challenging [end market environments] seen in decades" come as mining equipment makers like Caterpillar (CAT), Terex (TEX), and Joy grapple with low commodity prices leading to significantly reduced capital expenditures at mining firms. Shares of Dow member Caterpillar were the worst performer on the blue chip index, slipping 2.17% to $74.45 after Joy said ongoing challenges in commodity markets, along with slowing global economic growth, have "weighed on [its] customers' financial position and [its] incoming order rates." MAJOR MOVERS: Among the notable gainers was B&G Foods (BGS), which advanced $3.55, or 11.66%, to $34.00 after agreeing to purchase the Green Giant and Le Sueur vegetables brands from General Mills (GIS) for roughly $765M. Also higher was Pericom Semiconductor (PSEM), which gained $4.58, or 37.6%, to $16.76 after Diodes (DIOD) agreed to acquire the company for $17 per share. Shares of Diodes were also driven higher after the news, rising 11.8% to $21.89. Additionally, Methode Electronics (MEI) surged $5.43, or 19.82%, to $32.82 after releasing first quarter results and announcing a $100M share repurchase program. Among the noteworthy losers was World Acceptance (WRLD), which declined $2.21, or 5.95%, to $34.92 after Kase Capital's Whitney Tilson reiterated his belief that the stock is going to zero, as reported by ValueWalk. Also lower were Catalent (CTLT) and Five Below (FIVE), which dropped a respective 9.6% and 9.3% following their earnings reports. INDEXES: The Dow added 23.38, or 0.14%, to 16,374.76, the Nasdaq slid 16.48, or 0.35%, to 4,733.50, and the S&P 500 advanced 2.27, or 0.12%, to 1,951.13.
12:23 EDTGISOn The Fly: Top stock stories at midday
Subscribe for More Information
08:37 EDTGISB&G Foods to acquire Green Giant, Le Sueur brands from General Mills for $765M
Subscribe for More Information
08:36 EDTGISB&G Foods to acquire Green Giant, Le Sueur brands from General Mills for $765M
Subscribe for More Information
08:36 EDTGISGeneral Mills to sell Green Giant to B&G Foods
Subscribe for More Information
September 2, 2015
10:00 EDTGISOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:06 EDTGISGeneral Mills upgraded to Equal Weight on improved visibility at Morgan Stanley
As previously reported, Morgan Stanley upgraded General Mills to Equal Weight from Underweight and increased its price target to $56 from $53. The firm believes General Mills offers improved earnings visibility during 2016 given more aggressive cost cutting actions and ongoing portfolio optimization efforts.
06:30 EDTGISGeneral Mills upgraded to Equal Weight from Underweight at Morgan Stanley
Subscribe for More Information
August 27, 2015
16:23 EDTGISB&G Foods in advanced talks for General Mills' Green Giant unit, Reuters says
Subscribe for More Information
15:59 EDTGISB&G in late stage talks to buy General Mills' Green Giant business, Reuters says
Subscribe for More Information
August 26, 2015
13:14 EDTGISGeneral Mills recalls 'limited' quantity of frozen Cascadian Farm green beans
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use